After pulling back to the uptrend off the January low, Ford is breaking a downtrend after a one-month con-solidation. Relative performance vs. the S&P is turning up as well. We see significant upside from here.

GE has cleared above a four-month downtrend and looks poised to break above the MFU-2 level at $11.50 which capped the rally off the December low. We are long and would press the position above $11.50, which will then target $14 at the MFU-3. The rally off the December low to the MFU-2 target was, +75% and we expect another +31% from here in the coming months.

We wrote up TAN back on March 11 as a buy with a target of $28.50. The ETF is approaching that level, but we feel it will extend much higher. Stocks such as FSLR and SPWR have been on the short squeeze list for months, and remain so, which will add fuel to the upside as traders get squeezed. Our Money Flow Units model is indicating higher targets based on the weekly time frame.

JPM looks poised to breakout to new highs. We would be buyers here and highlight the threshold where we would be aggressively adding. We are working on a financial report where we highlight a number of long ideas which will be sent out later today.

The OIH is oversold with momentum divergence. We can find a number of stocks within the group that look like great trading buys right here. If the group can gain strong upside momentum in the days and weeks to come, this trading buy can extend further. Given the good reward to risk entry, we would be long.

Biotechs tend to have a strong positive seasonal bias from June through September. We reviewed the sector looking for stocks where the shorts have been adding to their position, but the stocks have good absolute and relative performance. With a good seasonal tailwind, and favorable chart pattern, the odds favor a potential short squeeze to develop. We present ten long ideas in the group that fit the criteria mentioned above.

We periodically review short interest data and look for stocks that exhibit good absolute and relative performance, and where the shorts have been adding to their position. The expectation is for the shorts to get squeezed on further strength in the stock resulting in a short squeeze. Manhattan Associates Inc. (MANH) exhibits those qualities with 15 days of shorts to cover, and it has a very bullish long-term base.